10x Research: Cryptocurrencies and related stocks enter a critical turning point

10x Research published an article on X platform stating that cryptocurrencies and related stocks are entering a critical turning point, with inflation falling faster than expected and portfolio allocation reaching extreme levels. Despite underperforming financial reports, Coinbase has quietly rebounded, attracting billions of dollars in institutional funding and long-term infrastructure investment from several mining companies that have turned to the AI field. Bitcoin has stabilized after undergoing forced liquidation, and the giant whale has begun to attract funds, but structural risks have not yet been resolved. MicroStrategy announced that future acquisitions will prioritize perpetual preferred stock to optimize capital structure, resulting in unrealized losses of $4.8 billion.